MIRA
INFORM REPORT
|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KINETIC ADVERTISING INDIA PRIVATE LIMITED (w.e.f. 31.10.2012) |
|
|
|
|
Formerly Known
As : |
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|
|
|
Registered
Office : |
15th Floor, |
|
|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.12.2012 |
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|
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|
Date of Incorporation
: |
29.10.1998 |
|
|
|
|
Com. Reg. No.: |
11-116984 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300MH1998PTC116984 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMP10397C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1311M |
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|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged mainly in the business of outdoor advertising and related
information consultancy. |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 360000 |
|
|
|
|
Status : |
Satisfactory |
|
|
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|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There appears dip in sales and profit of the company in 2012. However,
liquidity position appears to be good. Company is operating on its owned
funds. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office : |
15th Floor, Rtech Park, Romell Real Estate, Goregaon
(East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-40594500 |
|
Fax No.: |
91-22-40594520 |
|
E-Mail : |
DIRECTORS
AS ON 14.06.2013
|
Name : |
Mr. Colvyn James Harris |
|
Designation : |
Director |
|
Address : |
Tahnee Heights Co-Operative Housing Society Limited, Flat No.322-323,
66D, Nepean Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1957 |
|
Date of Appointment : |
30.04.2007 |
|
DIN No.: |
00191530 |
|
|
|
|
Name : |
Mr. Rajul Pravinchandra Vora |
|
Designation : |
Director |
|
Address : |
8, Hyde Park, Sher E Punjab Society, Mahakali Caves Road, Andheri (East),
Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1959 |
|
Date of Appointment : |
14.06.2013 |
|
DIN No.: |
01671569 |
|
|
|
|
Name : |
Kwek Mei Lin Claudine |
|
Designation : |
Director |
|
Address : |
APT BLK 204, Yishun Street 21#, 10-253, Singapore-760204 |
|
Date of Birth/Age : |
21.07.1971 |
|
Date of Appointment : |
14.06.2013 |
|
DIN No.: |
05339267 |
|
|
|
|
Name : |
Mr. Amit Sarkar |
|
Designation : |
Director |
|
Address : |
Flat 3A, Sreyas Suraksha, 24-31, Sarvabhouma Nagar, Vijaya Bank Lyt,
Off Bannerghatta Road, Bangalore-560075, Karnataka, India |
|
Date of Birth/Age : |
20.11.1971 |
|
Date of Appointment : |
17.12.2012 |
|
DIN No.: |
06448619 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.06.2013
|
Names of Shareholders |
No. of Shares |
|
Hindustan Thompson Associates Private Limited, India |
480000 |
|
Miniato B.V., Netherlands |
320000 |
|
TOTAL
|
800000 |
AS ON 14.06.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
40.00 |
|
Bodies corporate |
60.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged mainly in the business of outdoor advertising and
related information consultancy. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
The Hongkong And Shanghai Banking Corporation Limited, 52/60, Mahatma Gandhi Road; Fort, Mumbai, Maharashtra - 400001, India |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Tower 3, 27th-32nd Floor, Indiabulls Finance
Centre, Elphinstone Mill Compound, Elphinstone (West), Mumbai-400013,
Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
Fax No.: |
91-22-61854501 / 4601 |
|
PAN No.: |
AACFD4815A |
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|
|
|
Holding Company : |
Hindustan Thompson Associates Private Limited CIN No.:- U99999MH1938PTC002771 |
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|
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Fellow Subsidiaries : |
·
Contract Advertising (India) Private Limited ·
Group M Media India Private Limited ·
Medvi Edge CIA India Private Limited ·
Media Edge CIA Hong Kong Pte Limited ·
Mediacom Communications Private Limited ·
Interactive Televisions Private Limited ·
Ogilvy and Mather Private Limited ·
Mindshare Asia Pacific ·
WPP 2005 Limited ·
MEC Mena UAE ·
Kinetic Worldwide Media Pte Limited ·
Quasar Media Private Limited |
CAPITAL STRUCTURE
AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs. 8.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
8.000 |
8.000 |
|
(b) Reserves & Surplus |
|
83.393 |
74.038 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
91.393 |
82.038 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
49.917 |
75.347 |
|
(d) long-term provisions |
|
1.082 |
1.109 |
|
Total Non-current Liabilities (3) |
|
50.999 |
76.456 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
563.744 |
590.294 |
|
(c) Other current
liabilities |
|
12.428 |
23.067 |
|
(d) Short-term provisions |
|
32.860 |
38.446 |
|
Total Current Liabilities (4) |
|
609.032 |
651.807 |
|
|
|
|
|
|
TOTAL |
|
751.424 |
810.301 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.654 |
3.751 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.726 |
2.619 |
|
(d) Long-term Loan and Advances |
|
58.591 |
59.542 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
62.971 |
65.912 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
514.131 |
592.861 |
|
(d) Cash and cash
equivalents |
|
94.991 |
58.073 |
|
(e) Short-term loans and
advances |
|
47.232 |
58.698 |
|
(f) Other current assets |
|
32.099 |
34.757 |
|
Total Current Assets |
|
688.453 |
744.389 |
|
|
|
|
|
|
TOTAL |
|
751.424 |
810.301 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
63.366 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
71.366 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
71.366 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6.140 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
5.673 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
716.177 |
|
|
Cash & Bank Balances |
|
|
91.193 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
149.498 |
|
Total
Current Assets |
|
|
956.868 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
801.541 |
|
|
Other Current Liabilities |
|
|
36.576 |
|
|
Provisions |
|
|
59.198 |
|
Total
Current Liabilities |
|
|
897.315 |
|
|
Net Current Assets |
|
|
59.553 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
71.366 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue |
220.700 |
263.530 |
245.220 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
NA |
NA |
NA |
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
81.020 |
104.740 |
94.750 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
21.690 |
35.960 |
31.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
59.330 |
68.780 |
63.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Gross Billings for Advertising |
36.019 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
36.019 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
74.16 |
85.98 |
78.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
36.71
|
39.75 |
38.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.80
|
14.12 |
9.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.89
|
1.28 |
1.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.14 |
1.07 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Current Maturities Of Long Term Debt |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
90142677 |
10/01/2000 |
9,900,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPN.
LIMITED |
52/60, MAHATMA GANDHI ROAD; FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA |
- |
NOTE
Registered office has been shifted from Commerz, 8th Floor,
International Business Park, Oberoi Garden City, Goregaon (East),
Mumbai-400063, Maharashtra, India to the present address w.e.f. 19.03.2012
COMPANY BACKGROUND
Subject was incorporated on October 29, 1998. The Company is engaged
mainly in the business of outdoor advertising and related information
consultancy.
CHANGE IN NAME OF
THE COMPANY
During the year name of the company was changed from Portland India
Outdoor Advertising Private Limited to Kinetic Advertising India Private Limited
vide special resolution passed in the extraordinary general held on October 19,
2012 and fresh Certificate of Incorporation consequent upon change of name
issued by the Ministry of Corporate Affairs dated October 31, 2012.
FINANCIAL RESULTS
During the financial year 2012, the company’s
revenue amounted to Rs. 220.700 Millions as against Rs. 263.530 Millions in
2011.
The profit before tax was Rs. 81.02 Millions
as against Rs. 104.740 Millions and the profit after tax was Rs. 59.330
Millions as against Rs. 68.780 Millions in 2011.
PERFORMANCE
During the year revenue has been decreased by
Rs. 42.830 Millions and the PBT is reduced by Rs. 23.72 Millions as compared to
last financial year. This is mainly on account of economic slowdown which the industry
facing. The outdoor industry during 2012 is not grown and remained at the same
level of 2011.
FIXED ASSETS
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Lease Hold Improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.57 |
|
UK Pound |
1 |
Rs. 100.62 |
|
Euro |
1 |
Rs. 84.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.